Delphi Financial Group Inc. Sells 34,087 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

Delphi Financial Group Inc. trimmed its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 7.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 446,134 shares of the investment management company’s stock after selling 34,087 shares during the period. Oxford Lane Capital makes up about 1.2% of Delphi Financial Group Inc.’s portfolio, making the stock its 15th biggest position. Delphi Financial Group Inc. owned about 0.13% of Oxford Lane Capital worth $2,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of OXLC. Border to Coast Pensions Partnership Ltd lifted its stake in shares of Oxford Lane Capital by 31.7% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock worth $9,373,000 after acquiring an additional 445,000 shares during the last quarter. Realta Investment Advisors lifted its stake in shares of Oxford Lane Capital by 15.9% during the 4th quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock worth $5,254,000 after acquiring an additional 141,536 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Oxford Lane Capital by 4.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 527,200 shares of the investment management company’s stock worth $2,673,000 after acquiring an additional 23,308 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Oxford Lane Capital by 25.3% during the 4th quarter. J.W. Cole Advisors Inc. now owns 286,260 shares of the investment management company’s stock worth $1,451,000 after acquiring an additional 57,865 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Oxford Lane Capital by 23.8% during the 4th quarter. Private Advisor Group LLC now owns 190,281 shares of the investment management company’s stock worth $965,000 after acquiring an additional 36,527 shares during the last quarter. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Stock Up 0.8 %

OXLC opened at $5.06 on Friday. The stock’s fifty day moving average is $5.10 and its two-hundred day moving average is $5.21. The company has a market capitalization of $1.75 billion, a P/E ratio of 6.10 and a beta of 1.16. Oxford Lane Capital Corp. has a 52 week low of $4.95 and a 52 week high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.08 annualized dividend and a yield of 21.34%. Oxford Lane Capital’s payout ratio is currently 126.51%.

Oxford Lane Capital Profile

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.